Gold prices slipped at the domestic bullion market on reduced off—take from stockists and investors amidst lower local buying interest at the existing levels.
Silver also eased moderately owing to speculative selling following subdued industrial demand.
Standard gold of 99.5 per cent purity moved down by Rs 45 to close at Rs 29,580 per 10 gm from last Saturday’s closing level of Rs 29,625.
Pure gold of 99.9 per cent purity also went down by Rs 50 to end at Rs 29,715 per 10 gm from Rs 29,765 previously.
Silver ready (.999 fineness) declined by Rs 75 to conclude at Rs 55,530 per kg against Rs 55,605 last weekend.
At the global level, gold regained on bargain—hunting after three straight weeks of losses as well as safe haven buying amid soft euro zone data and political deadlock in Italy and the United States.
In Europe, spot gold was bid higher at $1,576.69 an ounce in early trade and silver was bid up at $28.69 an ounce.